Until experts castigated the self-proclaimed innovation as unnecessary and centralised, the news that the biggest bank in the U.S was about creating its cryptocurrency to compete with Ripple’s XRP created uproar in the cross-remittance industry.
As J.P Morgan continues to add efforts towards centralising its digital currency, the crypto space got freed from the concerns relating to challenge against the outstanding performance of XRP.
Experts concluded that unlike J.P. Morgan Coin, XRP is a decentralised digital asset, seamless, fast and capable of revolutionising the cross-border remittance industry.
It is now becoming more than reality that different payment platforms are integrating RippleNet and accepting XRP as a payment option.
Last week was yet another great week for XRP as more firms announced support for the digital token.
Canada-based Bidali Payment Gateway Now Supports XRP
With the intention to re-imagine commerce using blockchain and interledger technology, Bidali is inventing tools to power more inclusive and safer global financial system.
On the Canada-based platform, users can now easily purchase giftcards from around 150 top brands like eBay, UBer, Amazon etc. using XRP.
With the support, XRP can now be used as a payment option on Bidali’s payments platform and gift card service.
Importantly, merchant can now use Bidali online payment and its accounting software to accept XRP.
This retailers have the advantage of been paid in fiat after they have accepted the digital currency.
Zero-Fee NowPayments Integrates XRP
NowPayments has announced it now accepts XRP, adding it to the list of other cryptocurrencies on the platform.
The company says it is going to be maintaining its zero-fee policy for XRP when they transact using the digital currency.
NowPayments is already supporting Bitcoin, Litecoin, Ethereum and other stablecoins. The platforms offers ‘completely custody-free service.’ NowPayments is a creation of a prominent cryptocurrency exchange ChangeNOW.
Banesco Panama Joins RippleNet
Banesco S.A. popularly referred to as Banesco Panamá, has declared the testing of RippleNet for cross-border remittance.
The commercial bank is owned by Banesco Holdings Financiero, S.L, a Spanish holding company with tentacles around the world offering banking services to corporate organisations and consumers in Panama.
It offers online banking services to its clients across the globe and has 23 financial centers in the country. As revealed in a translation by XRPArcade, the bank says it is the first bank in the region to make use of Ripple for international transfer.
The addition of these firms to the XRP ecosystem reflects the digital currency is gaining wider additions than other digital currencies.
